Scott Edward Peterson - 15 May 2023 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
Chief Financial Officer
Signature
/s/ Joel Agena, Attorney-in-Fact
Issuer symbol
MYPS
Transactions as of
15 May 2023
Net transactions value
-$249,086
Form type
4
Filing time
17 May 2023, 16:52:14 UTC
Previous filing
12 May 2023
Next filing
13 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Options Exercise $0 +150,000 +300% $0.000000 200,000 15 May 2023 Direct F1
transaction MYPS Class A Common Stock Tax liability $249,086 -59,025 -30% $4.22 140,975 15 May 2023 Direct F2
holding MYPS Class A Common Stock 300,428 15 May 2023 by Scott E Peterson Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MYPS Restricted Stock Units Options Exercise $0 -150,000 -50% $0.000000 150,000 15 May 2023 Class A Common Stock 150,000 $0.000000 Direct F1, F3
holding MYPS Stock Options 67,971 15 May 2023 Class A Common Stock 67,971 $1.44 Direct
holding MYPS Stock Options 67,974 15 May 2023 Class A Common Stock 67,974 $1.01 Direct
holding MYPS Earnout Shares 12,840 15 May 2023 Class A Common Stock 12,840 $0.000000 Direct F4
holding MYPS Earnout Shares 50,518 15 May 2023 Class A Common Stock 50,518 $0.000000 by Scott E Peterson Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 23, 2022, the Reporting Person was granted 450,000 unvested Restricted Stock Units. The Restricted Stock Units vest in three equal installments, with one-third vesting on May 15, 2022, one-third vesting on May 15, 2023, and one-third vesting on May 15, 2024, subject in each case to continued employment with the Company through the applicable vesting date.
F2 Represents the number of shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), of the Issuer that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent a sale.
F3 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F4 Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing (the earnout consideration will also vest based on the price targets in connection with a sale of the Issuer).

Remarks:

See Exhibit 24.1 - Power of Attorney